NextEra Energy (NYSE:NEE) EVP Sells $920,210.00 in Stock

NextEra Energy, Inc. (NYSE:NEE) EVP Ronald Reagan sold 10,826 shares of the stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $85.00, for a total transaction of $920,210.00. Following the transaction, the executive vice president directly owned 15,643 shares of the company’s stock, valued at $1,329,655. This represents a 40.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NextEra Energy Price Performance

NextEra Energy stock traded down $0.23 during mid-day trading on Friday, reaching $84.84. The company had a trading volume of 13,300,148 shares, compared to its average volume of 9,364,562. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. The stock’s 50-day simple moving average is $82.23 and its 200-day simple moving average is $78.49. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $87.53. The company has a market capitalization of $176.69 billion, a P/E ratio of 27.02, a P/E/G ratio of 2.60 and a beta of 0.74.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The business had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.13 billion. During the same period last year, the company posted $1.03 EPS. The company’s revenue was up 5.3% on a year-over-year basis. On average, equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Assetmark Inc. raised its holdings in shares of NextEra Energy by 5.7% during the fourth quarter. Assetmark Inc. now owns 217,311 shares of the utilities provider’s stock valued at $17,446,000 after buying an additional 11,814 shares during the last quarter. Pinnacle Wealth Management Group Inc. increased its holdings in shares of NextEra Energy by 33.0% in the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 7,768 shares of the utilities provider’s stock valued at $624,000 after purchasing an additional 1,929 shares during the period. Patten Group Inc. boosted its position in NextEra Energy by 1.4% during the fourth quarter. Patten Group Inc. now owns 31,315 shares of the utilities provider’s stock valued at $2,514,000 after purchasing an additional 437 shares during the last quarter. AMI Asset Management Corp bought a new stake in NextEra Energy in the fourth quarter worth approximately $497,000. Finally, Webster Bank N. A. lifted its holdings in NextEra Energy by 11.9% in the 4th quarter. Webster Bank N. A. now owns 15,409 shares of the utilities provider’s stock worth $1,237,000 after purchasing an additional 1,642 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Morgan Stanley restated an “overweight” rating and issued a $104.00 target price on shares of NextEra Energy in a report on Wednesday. New Street Research set a $84.00 price objective on shares of NextEra Energy in a research report on Monday, October 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of NextEra Energy in a report on Monday, December 29th. BMO Capital Markets reissued an “outperform” rating and set a $89.00 price target (down previously from $90.00) on shares of NextEra Energy in a research note on Wednesday, December 10th. Finally, Barclays lifted their price objective on NextEra Energy from $84.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and an average target price of $91.94.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.